Diagnostics of the Financial Condition and Investment Attractiveness of Business Enterprise in the Financial Management System

Keywords: diagnostics of financial condition of enterprise, financial stability of enterprise, financial management, solvency, liquidity, investment attractiveness, business activity

Abstract

Theoretical and methodological tools for diagnosing financial condition and its investment attractiveness of business enterprise have been deepened. The practical aspects of diagnosing the financial situation with the definition of opportunities to overcome the crisis, increase the level of investment attractiveness and the formation of future management decisions, taking into account the post-quarantine consequences. The directions of financial diagnostics of the enterprise at the expense of systematization of additional indicators for definition of financial stability of the enterprise are offered. It was found that the financial stability of the enterprise has close relationships with investment attractiveness, which indicates its impact on the results of the diagnosis of financial condition and determine the factors of building a management system of the enterprise. It is confirmed that one of the main functions of financial management in ensuring the financial stability of the enterprise is to eliminate threats that could lead to its crisis. It is shown that for the effective operation of the enterprise it is necessary to develop effective measures to increase its financial stability, liquidity, solvency, investment and business activity. The main purpose of diagnosing the financial condition of the enterprise is to assess its business activity during different periods, to identify factors that have a positive or negative impact, and to determine the real financial stability of the enterprise. In a pandemic, the diagnosis of financial condition is the initial stage of any transformation in the company, which may be associated with restructuring and restoration, change of ownership or management, assessment of creditworthiness and investment attractiveness, investment projects, business expansion and diversification, management. The methodology for diagnosing the financial condition of the enterprise is proposed to be considered as a system of successive and related stages, with the definition of goals, objectives, benchmarks and a system of indicators at each of these stages. It is determined that the optimization of financial management is not a one-time task, but a continuous and repetitive cycle of making and implementing strategic and operational decisions, which determines the continuity of the diagnostic process in the enterprise.

Downloads

Download data is not yet available.

References

Bondaruk T. H., & Bondaruk O. S. (2019). Investytsiina bezpeka derzhavy: stratehichni tsili ta mekhanizm zabezpechennia [The Investment Security of the Country: Strategic Goals and Support Mechanism]. Statystyka Ukrainy – Statistics of Ukraine, 2, 83–90. https://doi.org/10.31767/su. 2(85)2019.02.09 [in Ukrainian].

Zaichko I. V., & Biloshkurska N. V. (2021). Normatyvno-pravove ta metodychne pidgruntia vyznachennia rivnia zabezpechennia i rehuliuvannia finansovoi bezpeky pidpryiemstv ta derzhavy [Regulatory legal and methodological basis of determining the level of security and regulation of financial security of enterprises and states]. Ekonomika ta suspilstvo – Economy and Society, 34. https://doi.org/10.32782/2524-0072/2021-34-42R [in Ukrainian].

Lukianova V. V., & Labunets O. O. (2017). Diahnostyka finansovoho stanu pidpryiemstva ta shliakhy yoho polipshennia [Disgnostics of the financial state of the enterprise and the ways of its improvement]. Pryazovskyi ekonomichnyi visnyk – Pryazovskyi Economic Herald, 2(07), 66–69 [in Ukrainian].

Zaichko I. V. (2020). Finansova bezpeka v systemi finansovoho upravlinnia [Financial security in the financial management system]. Proceedings from: VII Vseukrainskа naukovo-praktychnа internet-konferentsiф molodykh uchenykh ta studentiv “Suchasni problemy i perspektyvy ekonomichnoi dynamiky” – 7th All-Ukrainian Scientific and Practical Internet Conference of Young Scientists and Students “Current problems and prospects of the economic dynamics”, pp. 193–198 [in Ukrainian].

Hareha O. V. (2021). Upravlinnia potentsialom finansovo-ekonomichnoi stiikosti torhovelnykh pidpryiemstv [Management of the potential of financial and economic sustainability at trade companies]. PhD thesis. Lviv University of Trade and Economics [in Ukrainian].

Zaichko I. V. (2019). Finansova stiikist pidpryiemstv yak instrument realizatsii finansovoi bezpeky [Financial sustainability of enterprises as a tool of financial security implementation]. Molodyi vchenyi – Young Scientist, 10, 651–656. https://doi.org/10.32839/2304-5809/2019-10-74-137 [in Ukrainian].

Pro zatverdzhennia Metodyky analizu finansovo-hospodarskoi diialnosti pidpryiemstv derzhavnoho sektoru ekonomiky: nakaz Ministerstva finansiv Ukrainy vid 14.02.2006 No 170 [Approval of the Method for analysis of financial and economic activities of the enterprises in the public sector of the economy: Decree of the Minister of Finance of Ukraine from 14.02.2006 No 170]. Retrieved from https://zakon.rada.gov.ua/laws/show/z0332-06#Text [in Ukrainian].

Bahatska K. V. (2016). Evoliutsiia poniattia “kapitalizatsiia pidpryiemstva” v konteksti suchasnykh teorii korporatyvnykh finansiv [Evolution of the “enterprise capitalization” concept in the context of modern theories of corporate finance]. Investytsii: praktyka ta dosvid – Investment: Practice and Experience, 15, 19–22 [in Ukrainian].

Tomchuk O. F. (2019). Metodychni aspekty analizu pozykovoho kapitalu silskohospodarskykh pidpryiemstv [Methodical aspects of analysis of the debt capital of agricultural enterprise]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu – Scientific Bulletin of Uzhhorod National University, issue 27, part 2, 76–83 [in Ukrainian].

Pro zatverdzhennia Metodyky intehralnoi otsinky investytsiinoi pryvablyvosti pidpryiemstv ta orhanizatsii: nakaz Ahentstva z pytan zapobihannia bankrutstvu pidpryiemstv ta orhanizatsii vid 23.02.98 No 22 [Approval of the method for integral assessment of the investment attractiveness of enterprises and organizations: Decree of the Agency for Prevention of Bankruptcy of Enterprises and Organizations from 23.02.98 No 22]. Retrieved from https://zakon.rada.gov.ua/laws/show/z0214-98#Text [in Ukrainian].

Rohanova H. O. (2019). Investytsiina pryvablyvist pidpryiemstv: sutnist, faktory vplyvu, metodychni pidkhody [The investment attractiveness of enterprises: the essence, factors of influence, methods]. International Journal of Innovative Technologies in Economy, 4(24), 28–34. https://doi.org/10.31435/rsglobal_ijite/30062019/6531 [in Ukrainian].

Stryhul L. S. (2016). Ekonomiko-metodychne zabezpechennia otsinky dostatnosti finansovykh resursiv pidpryiemstva v suchasnykh umovakh hospodariuvannia [Economic evaluation and methodological support adequacy of financial resources in the contemporary economy]. Hlobalni ta natsionalni problemy ekonomiky – Global and National Problems of Economics, 10, 516–520 [in Ukrainian].

Stasyuk L. (2014). Analiz pokaznykiv likvidnosti i platospromozhnosti na prykladi PAT “KhZKPU “Pryhma-Pres” [Analysis of liquidity and solvency indicators on the example of PJSC “KFPEP “Pryhma-Press”]. Halytskyi ekonomichnyi visnyk – Galician Economic Journal, vol. 44, issue 1, 154–161 [in Ukrainian].

Khalatur S. M., Brovko L. I., & Moruga T. O. (2017). Metodolohiia otsinky likvidnosti ta platospromozh nosti silskohospodarskykh pidpryiemstv [Methodology for assessing liquidity and of agricultural enterprises]. Ekonomika ta derzhava – Economy and State, 12, 56–60 [in Ukrainian].

Zavidna L. D. (2018). Diahnostyka finansovoho stanu pidpryiemstva hotelnoho hospodarstva [Diagnostics of the financial condition of the hotel business enterprise], Ekonomika ta derzhava – Economy and State, 4, 99–103 [in Ukrainian].

Ovcharenko Ye. I., Manko I. M., & Hodiashchev M. O. (2016). Osoblyvosti otsinky dilovoi aktyvnosti pidpryiemstva [The features of assessment of the business activity of enterprises]. Hlobalni ta natsionalni problemy ekonomiky – Global and National Problems of Economics, 13, 344–350 [in Ukrainian].

Pro zatverdzhennia Polozhennia pro poriadok zdiisnennia analizu finansovoho stanu pidpryiemstv, shcho pidliahaiut pryvatyzatsii: nakaz Ministerstva finansiv Ukrainy, Fondu derzhavnoho maina Ukrainy vid 26 sichnia 2001 roku No 49/121 [Approval of the regulations on the procedure of analysis of financial condition of the enterprises that are subject to privatization: Decree of the Ministry of Finance of Ukraine, the State Property Fund of Ukraine from January, 26, 2001 No 49/121]. Retrieved from https://ips.ligazakon.net/document/REG5312?an=371 [in Ukrainian].


Abstract views: 9
PDF Downloads: 7
Published
2022-06-01
How to Cite
BONDARUKТ., ZAICHKO, I., & BONDARUKІ. (2022). Diagnostics of the Financial Condition and Investment Attractiveness of Business Enterprise in the Financial Management System. Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, (1-2), 62-75. https://doi.org/10.31767/nasoa.1-2-2022.08

Most read articles by the same author(s)